Decision Maker: Policy and Resources Committee, Argyll and Bute Council
Is Key decision?: No
Is subject to call in?: No
The Council gave consideration to a report, and to the
recommendation from the Policy and Resources Committee held on 16 February
2017, which sought approval of the
proposed Treasury Management Strategy Statement and Annual Investment Strategy
which set out the Council’s Strategy for borrowing and investment for the
forthcoming year along with the Council’s Prudential Indicators, which require
to be set for a three year period. The
report also set out the policy for the repayment of loans fund advances for
2017-18.
Decision
The Council agreed, subject to review by the Performance
Review and Scrutiny Committee in March –
1. To approve the proposed Treasury Management Strategy
Statement and Annual Investment Strategy subject to review by the Performance
Review and Scrutiny Committee in March 2017.
2. To approve the use of Option 1 (statutory method) for
the repayment of loan fund advances in respect of existing capital expenditure
and new advances up to 31 March 2021 at an interest rate of 4.644%, with the
exception of spend to save schemes where Option 4 (funding/income profile
method) will be used.
3. To approve the ability to use countries with a
sovereign rating of AA- and above as recommended by Capita, which would include
the use of Abu Dhabi and Qatar, rated as AA.
(Reference: Report by Head of Strategic Finance dated 6
February 2017, submitted; and Treasury Management Strategy Statement and Annual
Investment Strategy 2017/18, submitted)
Publication date: 01/03/2017
Date of decision: 23/02/2017
Decided at meeting: 23/02/2017 - Argyll and Bute Council
Accompanying Documents: